Bitcoin was looking good, soaring toward $123,000 earlier today, but then, out of nowhere, an ancient whale wallet decided to cash out. The flagship cryptocurrency hit an intraday low of $116,218, marking a sharp downturn of nearly 6%. Talk about a rollercoaster ride! 🎢
They posted this on their public forum, introducing a new Proof of Liquidity model called “PoL v2.” Now, 33% of the current PoL incentives, which go to BGT boosters, will be redirected to a new rewards model to support liquidity for BERA. 🤑
First on the list is Tesla (TSLA), with JPMorgan analyst Ryan Brinkman stating that the company’s valuation is “sky-high” and predicting a plummet in earnings after President Trump reduced government subsidies for electric vehicle (EV) purchases. Brinkman also predicts that Tesla’s robo-taxi initiative is “likely to disappoint.”
DDC Enterprise Limited (NYSE: DDC) has entered into a non-binding memorandum of understanding with Animoca Brands, establishing a strategic partnership focused on optimizing bitcoin treasury operations. According to the announcement, Animoca will allocate up to $100 million in BTC for yield-generating strategies managed by DDC. Imagine that, a hundred million dollars just to make more money! 🤑💰
Yesterday, it reached dizzying heights of over $3, a feat not seen in four long months 📆. But alas, it was not meant to be, for now, at least. The price, like a tantalizing mirage, vanished into thin air 💨.
Writing in MSNBC, Waters warns that these new laws could strip the SEC of its enforcement powers, endanger investor safety, and let bad actors run wild with minimal oversight. 🚨
As the United States grapples with a budget crisis that would make even the most extravagant czar blush, President Trump’s much-touted fiscal responsibility bill has turned out to be a Trojan horse, poised to inflate the national deficit by a staggering $7 trillion over the next decade. This fiscal sleight of hand has sent shockwaves through the markets, driving investors to seek refuge in assets that are both scarce and free from the whims of central banks.
The poor ol’ Bitcoin price tumbled faster than a greased pig at a county fair, briefly dipping below the $117,000 mark and hitting a low of $116,218. But, don’t get too comfy, it bounced back just a smidge – enough to let us breathe for a second, that is. 💸
XRP price started a fresh increase after it settled above the $2.650 level, like Bitcoin and Ethereum. The price was able to climb above the $2.80 resistance level. It’s like XRP is the cool kid at the party, everyone’s watching to see what it does next.
A scathing critique of crypto treasury strategies is casting a shadow over bitcoin’s record surge, igniting fresh skepticism from influential economists and market commentators. American economist and professor of applied economics Steve Hanke stated on social media platform X on July 14: